Absa granted a $75 million trade finance facility from CDC
The UK development finance institution has selected the South African bank for a new risk sharing facility.
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▪ Absa granted a $75 million trade finance facility from CDC
▪ The UK development finance institution has selected the South African bank for a new risk sharing facility.
▪ https://www.africabusinessplus.com/en/799653/absa-granted-a-75-million-trade-finance-facility-from-cdc/
After lending its support to FirstRand, Standard Chartered and Sumitomo Mitsui Banking Corporation, CDC Group has committed a $75m credit line to Absa Group Limited as the banking sector in Africa continues to suffer from the aftershocks of the 2008 financial crisis.
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